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High Court Split On ACA Subsidy Challenge At Oral Args

U.S. Supreme Court justices appeared split Wednesday over whether the Affordable Care Act's broader purpose of providing universal affordable healthcare could preserve tax subsidies for individuals purchasing health insurance on federal exchanges in light of a hotly debated provision which challengers to the law say prohibits them.

  • Alabama Supreme Court Halts Same-Sex Marriage

    The Alabama Supreme Court on Tuesday ordered the state’s probate judges to stop issuing marriage licenses to same-sex couples despite a federal judge’s order to do so, ruling that the U.S. Constitution does not prevent it from administering state law.

  • High Court Settles Only Part Of 'Amazon Tax' Debate

    Retailers scored a key victory Tuesday when the U.S. Supreme Court ruled that reporting requirements for Colorado’s “Amazon tax” law can be challenged in federal court, but the ruling may not have opened the litigation floodgates because it does not address a judicial doctrine that cautions federal courts against interfering with state fiscal operations.

  • House Passes ‘Clean’ $40B DHS Funding Bill

    The U.S. House of Representatives agreed to concur with the Senate’s “clean” $39.7 billion bill funding the U.S. Department of Homeland Security on Tuesday, ending a weekslong standoff over a contentious immigration-related “rider” that had been attached to the bill.

  • 10th Circ. Revives $550M Barclays RMBS Suit

    The Tenth Circuit on Tuesday revived a National Credit Union Administration lawsuit alleging Barclays Capital Inc. misrepresented the quality of more than $555 million in residential mortgage-backed securities, finding that although the NCUA’s claims were filed too late, Barclays was precluded from having the suit tossed on those grounds.

  • JPMorgan To Pay $50M In US Trustee Robo-Signing Settlement

    JPMorgan Chase & Co. on Tuesday agreed to a settlement valued at more than $50 million with the U.S. Department of Justice’s U.S. Trustee Program over allegations that one of its units engaged in robo-signing of mortgage documents, including payment change notices, among other problems.